Miners paced gains on Tuesday following reports overnight citing posts on Chinese social media that Beijing had created a committee to make preparations for the easing of Covid-19 restrictions in the Asian giant.
Analysts at SP Angel however pointed out how foreign ministry spokesman, Zhao Lijian, had later been quoted as saying that he was not aware of any such committee.
Be that as it may, as of 1614 GMT copper futures on COMEX for December delivery were jumping by 2.98% to $3.4755/lb.
Top performing sectors so far today
Industrial Metals & Mining 6,801.45 +3.97%
Industrial Transportation 3,378.71 +2.21%
Life Insurance 5,929.92 +1.94%
Real Estate Investment & Services 2,054.17 +1.94%
Personal Goods 29,552.98 +1.91%
Bottom performing sectors so far today
Industrial Support Services 9,793.24 -0.94%
Media 8,916.50 -0.58%
Chemicals 11,328.99 -0.53%
Medical Equipment and Services 10,749.21 -0.06%
Alternative Energy 0.00 0.00%
